Assets with portfolio managers rise to Rs 10.41 lakh crore in Dec

Wealthy investors seem to have more faith in their portfolio managers for investments or advisory services as the assets under management of such entities have reached Rs 10.41 lakh crore in the Indian capital market at December-end.

According to the Sebi, Assets Under Management (AUM) of portfolio managers increased to Rs 10.41 lakh crore at the end of December 2015, from Rs 10.11 lakh crore in the preceding month. (Reuters)

Wealthy investors seem to have more faith in their portfolio managers for investments or advisory services as the assets under management of such entities have reached Rs 10.41 lakh crore in the Indian capital market at December-end.

In comparison, assets base of portfolio managers, who mostly manage investments or provide advisory services to High Networth Individuals (HNIs), stood at Rs 8.68 lakh crore in December 2014.

According to the Securities and Exchange Board of India (Sebi), Assets Under Management (AUM) of portfolio managers increased to Rs 10.41 lakh crore at the end of December 2015, from Rs 10.11 lakh crore in the preceding month.